2 ms·
The lottery doesn't work the same way as most other forms of gambling. For the house, it is not zero-sum. Their profit is a fixed percentage of sales, and the b
by mattmaroon 2y ago
The lottery doesn't work the same way as most other forms of gambling. For the house, it is not zero-sum. Their profit is a fixed percentage of sales, and the bigger the prize, the more tickets people buy. The money won from the lottery was set aside at the time of purchase, it's already gone to the people running the lottery.
So the lottery makes more the bigger the prize gets. They don't really care who wins or how much they get.